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Egypt invests to curb sports 'game drain' to other states

As Qatar and other countries lure Egyptian athletes with lucrative offers, Banque Misr has launched the Egyptian Sports Fund to support its national teams.
Members of Egypt's Olympic team attend a welcome ceremony held at the athletes village of the Rio 2016 Olympic Games on August 1, 2016. / AFP / Mark RALSTON        (Photo credit should read MARK RALSTON/AFP/Getty Images)
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CAIRO — Egypt is gearing up for a different kind of sports rivalry, one in which it will compete to keep its own athletes from "defecting" to other countries.

Under the auspices of the Egyptian government, Banque Misr launched Feb. 18 the Egyptian Sports Fund to support athletes in Egypt and help them reach the forefront of international competitions. The fund will help build modern facilities and finance sports workshops for 70 athletes in the first three years.

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